I’m disheartened to hear stats on President Obama’s “Making Home Affordable” program. So far it doesn’t look like the program is working very well (at all). A CNN article last week stated “The administration projected that between half and three-quarters of applicants would have new mortgages at this point. As of the end of November, the number is 4.3 percent.” That’s not good.
In light of this less-than-wonderful news, I thought it would be interesting to use the “Obama Cam” app on my mobile phone to snap a few images of some local REO and Short Sale properties in the Sacramento area. The “Obama Cam” application overlays an image of President Obama (17 to choose from) on any picture taken with my mobile phone (an Android G1).
These images are in no way meant to belittle the President, make a political statement for any political party, or even rant about the Making Home Affordable program. There is actually a deep element here for me since the shots juxtapose governmental programs with real life local distressed properties. I’m reminded of the ever-present struggle in today’s economy for so many households, that recovery is going to take a long time, and also that good intentions in Washington DC do not necessarily translate to good results on “Main Street”.
What do these images evoke in you? Why is the “Making Home Affordable” program not yet working as it should? Please give your two cents and feel free to share your experience. By the way, do you have an app like this on your phone? Your comments are welcome below.
www.SacramentoAppraisalBlog.com “Obama Cam” Photos in Sacramento
A very creative expression here, Ryan, that unfortunately highlights the failure of a plan that was never meant to succeed. It’s like when the government “bailed out” the banks, it seems as if they were merely hoping that banks would take the initiative to flood the market with money and make loans possible for “Main Street America” again, but I’m afraid that they were just hoping for results, not setting up a plan that would monitor the money and produce results for real people struggling. 4.3% is pathetic!!! It’s a big problem, I know. And it’s easier said than done, I know, but in the end, it’s all empty promises to me. I hope that these numbers or these images are not so easily forgotten.
Well said. I hope somehow we can see this program get some better results.